Wednesday, October 8, 2008

Panic Wednesday (Musical Tribute)

Wednesday Soundstage '03 Live in Chicago


Nothing much to fear
Stocks are dropping far down somewhat foolish
There's "still" some work to be done

Just a margin call
Not so silent banking of our pensions
Call it tankin' on a Wednesday

Cash is dropped from year to year
With secrets Ben's been keeping
Seems he's got a central banking plan

Seems we are spiraling
For very different reasons
But one day there's no more cash to lend

Is tapped the wallet
I left on the nightstand
I start the day
In the usual way
Then think, well why not
And stop at a Starbucks
Then begin to recall
I just can't pay

Market found the floor?
Pure prosperity? Perhaps illusion?
I agree with this in part

Something has harmed us
I can't put my finger on
This overleveraged crisis on a Wednesday

So cash drops from year to year
With secrets Ben's been keeping
Seems he's got a central banking plan

So they often tell us to cheer up
We suspect they're underwater
Because there's still no more cash to lend

Is tapped the wallet
I left on the nightstand
I start the day
In the usual way
Then think, well why not
And stop at a Starbucks
Then begin to recall
I just can't pay

Who bought with courage?
And bust they lost again
Fed starts humming, "When doves cry"

Can someone help us?
I think that we've lost here
Lost in a place called Cramerica

2 comments:

Anonymous said...

Stag,

Millions for defense, not one cent for tribute - Thomas Jefferson

I saw the darndest, most unbelievable CNBC advertisement today (on CNBC of course). It said something along the lines of: Jim Cramer, one of the most brilliant minds on wall street. His ideas are worth billions

It was worth a billion laughs for me. Likely billions of losses for others.

Stagflationary Mark said...

MAB,

That CNBC commercial is amazing, isn't it? No mention of the Winners of the New World. The advice to load up on tech exclusively was certainly worth billions to someone back in 2000.

Based on the sheer size of the dollar amounts these days, it seems we need an update to the old economics joke.

How do you become a trillionaire in today's markets? It's simple!! Just start with a quadrillion dollars and invest it in what once worked!

US debt clock runs out of digits
http://news.bbc.co.uk/2/hi/business/7660409.stm

The clock's owners say two more zeros will be added, allowing the clock to record a quadrillion dollars of debt.